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Screens

Screen GENGen - Generic Partnership Return (1065)

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Federal-to-state input screen and asset module data transfer

If information is transferred from federal input screens or from the asset module to a state input screen, the application displays the transferred data in blue.
If necessary, you can overrule the transferred amount by entering the amount in the box. The application then displays the new amount in black.
note
  • When you overrule a transferred amount, the application doesn't overwrite that amount with subsequent federal-to-state or asset module data transfers.
  • To delete the overruled amount and restore the original transferred amount, right-click the box and select Delete overrule or simply enter the original amount in the box.
  • To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. The application then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you'll need to enter it manually.
  • If desired, you can set a user preference to mark boxes for which you overruled the transferred amounts and to list all overruled amounts in the Diagnostics window.

Statements

Many data entry boxes provide predefined statements in which you can enter additional information.

Accessing frequently asked questions

To view answers to common questions about calculations and data entry issues, select Help, Additional Resources, Frequently Asked Questions.

Special allocations

Select Ptr Alloc next to the box to specially allocate items to partners using ratios that are different from the profit / loss ratios.
Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes, unless you've selected the option to default state partner allocations to federal allocated amounts. When this option is selected, only those state allocations that correspond to a specific federal allocation will default. To select this option, enter
X
 in
Default state partner special allocations to the corresponding federal special allocation
on the federal CltOptns screen.
To mark
Default state partner special allocations to the corresponding federal special allocation
one time for all new clients, select Setup, 1065 Partnership, Federal tab, select New Client Options and mark
Default state partner allocations to federal allocated amounts (Screen CltOptns)
 in the Return Presentation tab.

Statement special allocations

You may allocate statement items separately to partners directly in the statements. The statement items are printed separately for each partner on an item-by-item basis. For details, see Partner Data Entry, Special Allocation window.

Apportionment

Apportionment information is entered in one place for all states attached to the return. To enter apportionment information for all states, select View, then Apportionment.

General Information

City code / name
UltraTax CS displays the city code and city name for each generic city selected in the Client Properties window. If a user-defined city is selected in Client Properties, enter the city’s name in the OHCLtr screen and information in the Ohio Cities Rate screen in Setup, 1065 Partnership, Ohio Cities tab.
If you want to prepare Form Z for a city not listed in
Generic A-L
 and
Generic M-Z
 in the Ohio Cities tab in the Client Properties window, up to ten user-defined cities are available.
note
To select a user-defined city, select File, Client Properties, Ohio Cities tab. Select Generic M-Z and select one of the user-defined cities. Up to ten user-defined cities may be selected. To create a user-defined city, select Setup, 1065 Partnership, Ohio Cities tab. Select Rates, and select the generic cities from
City code
. Enter information for each generic city. This is a global setting, so this information only has to be completed once. The city name will need to be entered in the OHCLtr screen.
Amended return
If the federal return is amended or superseded and this box is blank, Form Z is also marked as amended. If the federal return isn't amended or superseded but you wish to amend Form Z, enter
1
. If you don't wish to amend Form Z when amending or superseding the federal return, enter
2
 and Form Z won't be marked as amended.
Final return
If the federal return is final and this box is blank, the Generic return and OH Cities Partner’s Share of Income and Tax Paid Worksheet are marked as final. If the federal return isn't final, but you wish to mark the Generic return as final, enter
1
. If you don't wish to mark the Generic return as final when the federal return is final, enter
2
.
General footnote
Use this statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote appears as a separate item in each collation.
Business information if different from federal Screen 1065
Enter the business name and address only if different from Page 1.

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